Archives - 24 February 2014, Monday

People can find some of the « Spirit of the Enlightenment » ideals behind Bitcoin. Indeed, It can be considered as a Declaration of Independence from Central Banks, but not only. At the end of the day, Bitcoin is all about Freedom and Emancipation. "Emancipation from Inflationist Mone...

Mt.Gox has resigned from the Bitcoin Foundation’s board of directors. The foundation made the announcement on its blog after the news was first reported by the WSJ . Mt.Gox CEO Mark Karpeles was one of three elected industry members who held seats on the board. The Bitcoin Foundation ...

Embattled Bitcoin exchange Mt. Gox has resigned from the board of the Bitcoin Foundation, the organization that manages the crypto-currency. The resignation is effective immediately, according to a terse announcement made late Sunday by Mark Karpeles, chief executive officer of the To...

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are will...

Japan-based Mt.Gox is said to have begun as a "Magic: The Gathering" trading card website, and hasn't picked up in the way of business cachet since then. The exchange—basically a place where you can trade real "fiat" currency for speculative crypto-currency—was for years the largest o...

Investors in the digital currency are looking to capture some of the four firms’ combined $61.3 billion in annual revenue and loosen their decades-long grip on handling electronic payments. While Bitcoin can buy a widening array of goods and services, regulatory scrutiny and technical...

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Bitcoin is going through another significant dip after the CEO of Mt. Gox , a controversial Bitcoin currency exchange service, stepped down from the Bitcoin Foundation, the committee that oversees management of the virtual currency. A blog post from the foundation – noted by Coinbase ...

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are will...

This chart (below) is rising on Reddit right now . It shows the distribution of Bitcoin wealth among Bitcoin holders, put together based on survey data from the Bitcoin community. The gist: Bitcoin has a 1% minority that owns a massively disproportionate amount of wealth just like in ...

The world’s first brick-and-mortar bitcoin deposit and financial services portal, Neo, opened the doors to its flagship branch in Cyprus at 10:30am local time today. Neo is the ‘bank-like’ arm of bitcoin business twins Neo & Bee , with Bee serving as the payment processing network. Cy...

The Australian Transaction Reports and Analysis Centre (Austrac), the Australian government agency responsible for countering money laundering and the financing of terrorism, is able to track each conversion transaction from bitcoin into or out of Australian dollars. "Australia is ver...

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Mark Karpeles, chief executive officer of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, according to a person familiar with the situation. The move comes amid a string of longstanding technical issues that began last ...

Mark Karpeles, CEO of the pioneering but troubled Bitcoin exchange MtGox, has resigned his seat on the board of the Bitcoin Foundation, the organization that standardizes and promotes the cryptocurrency. While some are calling this a potential blow to Bitcoin, it may be quite the oppo...

Many venture capitalists have also established a strong voice in the public discourse on topics such as how to generate additional economic growth. Politicians and regulators in areas struggling to create new jobs should perhaps tread carefully as they explore regulating what many bel...

Major Bitcoin exchange Mt. Gox has quit the Bitcoin Foundation’s board of directors, the foundation said. The move is effective immediately, the trade organization said in a brief statement issued Sunday. “We are grateful for their early and valuable contributions as a founding member...

3rd degree: MtGox deleted their Twitter feed to rebrand and fund money into a new start up Magic The Gathering Exchange 4th degree: MtGox deleted their Twitter feed to rebrand and fund money into a new start up Magic The Gathering Exchange after discovering a bug in the Bitcoin protoc...

MtGox is resigning from the board of the Bitcoin Foundation as it remains unable to restart full operations after claiming to have been hit by a bug. They've also deleted all Tweets from their Twitter account. A person familiar with the situation said it was not clear when MtGox would...

BOSTON (Reuters) - Cyber criminals have infected hundreds of thousands of computers with a virus called "Pony" to steal bitcoins and other digital currencies, in the most ambitious cyber attack on virtual money uncovered so far, according to security firm Trustwave. Trustwave said on ...

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Joseph Borg – the Alabama securities regulator famous for pushing for the formation of a multistate task force that shut down Stratton Oakmont of “The Wolf of Wall Street” fame — will issue an alert tomorrow warning consumers not to trade Bitcoin on exchanges that are experiencing irr...

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are will...

Playboy, the iconic media company that publishes Playboy magazine, is now accepting bitcoin payments for its adult entertainment content through at least one of its web properties. Though not yet formally announced to the public, the payment option is currently live on the Playboy Plu...

Since his historical track record has been spot on until now, we thought it useful to reflect on the wisdom of the maestro as he speaks this morning and his recent appearances. On the heels of the success of his un-best-selling book, Greenspan explains: *GREENSPAN SAYS 'NO DOUBT' BUBB...

Japan-based Mt.Gox is said to have begun as a "Magic: The Gathering" trading card website, and hasn't picked up in the way of business cachet since then. The exchange—basically a place where you can trade real "fiat" currency for speculative crypto-currency—was for years the largest o...

David Karp At age 25, Tumblr founder David Karp created a fast-growing international social media, blogging platform. Using money he acquired as a software consultant, Karp began Tumblr in 2007, when other blogging platform had already been widely available. As Karp mentioned in an in...

Breaking news: Mt. Gox CEO Mark Karpeles has just resigned from his position as a board member with the Bitcoin Foundation. The Foundation posted the announcement on its blog today at 4:00AM GMT: “Effective immediately, Mark Karpeles has submitted his resignation from the board of dir...

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Say what you like about Google, but it isn’t an easy place to get hired at. The entrance interviews are notoriously tough, and it is a highly desired employer – which makes Mike Hearn’s departure all the more notable. Hearn is an expert in low-level software development, who worked as...

Thomson Reuters Mock Bitcoins are displayed on a table in an illustration picture taken in Berlin (Reuters) - Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, the Wall Street Journal rep...

Mark Karpelès, chief executive officer of Mt. Gox, the embattled Tokyo-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, according to a person familiar with the situation. The Bitcoin Foundation confirmed in a statement on its website that Mt. Gox ha...

REUTERS/Jim Urquhart Bitcoin is growing too fast for its technology to keep up IN MOST businesses, a small coding error is a minor problem. With Bitcoin, an online "cryptocurrency", a fairly simple flaw seems to have cost $5.3 billion. That is how much the value of all of the Bitcoin ...